Chicago’s new older smoking age could increase Indiana sales
Chicago's move to raise the minimum age to purchase cigarettes to 21 could increase smoke shop sales in northwestern Indiana, experts said.
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Fishers gets clearance to open airport land for offices, manufacturing
Fishers officials have drafted a plan to market 211 acres at Indianapolis Metropolitan Airport for commercial development. The Indianapolis Airport Authority gave its blessing Friday morning.
Area home builders off to best first half since 2007
Area filings have risen on a year-over-year basis for the past seven months.
HHGregg loses yet another senior executive
The struggling appliances and electronics retailer says its senior vice president of marketing, ecommerce and strategy has resigned. He’s at least the 10th executive to leave the Indy-based firm since mid-2012.
Low appraisals torpedo sales in hot residential market
A low inventory of homes for sale is driving up prices to the point that many sellers are fielding multiple offers, some for even more than the list price, making it harder for appraisers to determine a fair market value.
Out-of-spotlight retailer does big business from Indy
Fullbeauty Brands, which sells through such plus-size catalogs as Woman Within and Roaman’s, ships nearly 16 million packages a year out of its Southeastern Avenue fulfillment center.
Orthopedics clinic proposes $13M investment to start medical campus in Fishers
The development, known as MedTech Park, would encompass 37 acres to the east of St. Vincent’s Hospital along 136th Street and Interstate 69.
More malls turning to unconventional tenants to fill vacancies
Most U.S. malls are still dependent on department stores to draw customers, but with consumers doing more shopping online, retail centers are increasingly relying on restaurants, entertainment amenities and even medical facilities to attract traffic.
Fresh design for $22M downtown Cambria hotel takes traditional tack
With a new developer, the hotel to be built on South Meridian Street will feature a red-brick facade to better reflect the surrounding Wholesale District.
Indy property management group accused of discriminating against families
The Indianapolis-based company is accused of discriminating against families by imposing occupancy limits regardless of square footage.
Local developer buys downtown building, moves HQ there
Litz Real Estate had leased space on Massachusetts Avenue before purchasing the one-story structure on Central Avenue, which gives the company space for new hires.
Originally listed for $25M, Simon estate in Carmel might finally have buyer
Homebuilder Paul Estridge Jr. has been in discussions about acquiring the sprawling 106-acre property on Ditch Road, according to a source familiar with the deal.
New owner of downtown office towers plans $5M in upgrades
Mission Peak Capital sees a big upside in spiffing up the buildings near Cummins’ new office project and a planned 28-story apartment building.
Feds force local cement facility to change hands
A merger between two international cement companies—and a related antitrust investigation by the Federal Trade Commission—has put an east-side Indianapolis facility under new ownership.
New Broad Ripple co-working space set to open next month
The Hatch plans to target creative types with its art studios, recording booths, green screens and more. It’s slated to open in early August.
HHGregg plans to expand high-end Fine Lines concept
The struggling retailer says it intends to more than double the number of its stores featuring the ritzy showrooms—an extension of its recent strategy to focus more on appliances and furniture.
Developers of $50M Mass Ave project drop billboard from design
Plans for a controversial three-story “digital canvas” have been dropped from the Mass Ave development’s design. Developers also replaced the Montage on Mass name with a different one.
Former WISH-TV anchor Halvorson lands job with Kroger
Eric Halvorson, who lost his job at WISH-TV late last year after 32 years an anchorman and reporter, has been hired by the Kroger Co.
Lafayette plans to replace 76-year-old baseball stadium
The city has signed an initial agreement to have Indianapolis-based American Structurepoint design a new stadium expected to cost about $10 million.
More buildings set to fall on IUPUI campus
The planned demolitions of the old IUPUI Psychiatric Research Building and the Wishard Helipad site are the next projects sparked by the land swap between IUPUI and Eskenazi Health’s parent.